185Transferee owns more than one fishing business

#### 185 Transferee owns more than one fishing business 185 Transferee owns more than one fishing business > > (1) If a transfer of an endorsement or share is permitted if the person to whom the transfer is made (the transferee) is the owner of a fishing business (or a particular kind of fishing business), and the transferee is the owner of more than 1 fishing business, the transferee must nominate 1 fishing business against which compliance with the fishing business transfer rules, in respect of that transfer, is to be assessed. > > > (2) If the transfer is approved by the Secretary, the fishing business determination in respect of the nominated fishing business is to be amended so that the transferred endorsement or share becomes a component of the nominated fishing business.